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Sixteen bad cheques totalling €19,388 in February

10:29 - 21 March 2024

Economy

In February 2024, a total of 16 bad cheques amounting to €19,388 were issued, with nine entities (seven legal entities and two individuals) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques.

According to data released by the Central Bank of Cyprus (CBC), during the period January to February 2024, 61 dishonoured cheques, with a cumulative value of €89,035, were recorded in the preliminary registry of the CIR, compared to €160,882 in the same period the previous year. The dishonoured cheques over the two-month span involved 25 entities (17 legal entities and eight individuals).

Furthermore, CBC statistics indicate that the number of individuals listed in the CIR reached 13 in February 2024, including six legal entities, one individual, and six individuals controlling legal entities.

Over the two-month period, a total of 47 individuals were registered in the CIR, showing an increase from 55 individuals during the corresponding period in 2023.

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